Generally, investing in bitcoin is indeed profitable, but it all depends on your current financial situation and how patient you are.

First, you have to be financial stable in the sense that, after investing, you can just forget about that money invested in bitcoin for atleast, a year or more depending on the season that we are in.
Not being good financially may mean that, you may end up not allowing your investment to proper grow before Harvesting it.

And also good to know is that, you should not trust anybody to set up an account of any kind for you, and neither a wallet, you are here on this forum already, here, you can learn to do all this things your self, and when you do, keep your keys safe, do not leave your bitcoin on the centralized exchange where you bought it, it's very risky to do so, withdraw your bitcoins to your private wallet and make sure to keep the keys to your wallet safe, losing the keys simply means, losing your bitcoins.

Good luck from here.

Your funds might be at risk by then if he can open your wallet. My only advice is don't invest blindly and don't trust strangers when it comes to your money and investment. Surely, he's only taking advantage of your ignorance and has definitely plan to scam you if you let him access your wallet.

It's like you really have no idea investing in bitcoin. With that, don't invest when you're not ready yet. Gain more knowledge and experience first in the market before you enter bitcoin investment. If you think you're good enough, invest at your own risk. Put an amount that you can afford to lose, not too big and not too small either. And lastly, never entrust your investment to other people. Work on your own investment without relying from other people. Experience will be your best teacher so learn on your own through your initial experience in the market.

I agree on this point. Information and knowledge are quite important in this case so that there is no miss in application when we are in bitcoin it would be great if we are more thorough and continue to pay attention to what we lack.
Currently there is a lot of information about bitcoin either on the Internet but this can be a positive and negative side especially for those new people who are still learning bitcoin.

The positive side is that we will be easy to get news or sources from anywhere about bitcoin but on the other hand there are a number of things that need to be considered because the negative effect is that not all we can trust because there could be articles or news that actually lead us to the wrong opinion. From this we must be really observant when learning about what bitcoin is when we seriously want to be in it.

You must understand first everything about Bitcoin before you invest your money. You can learn Bitcoin in this forum, read the articles, or watch YT Video. There are too many sources to learn Bitcoin nowadays. It is very necessary to understand Bitcoin and how to invest in a proper way. It is too risky to invest in Bitcoin if you don't know Bitcoin, you don't understand how the investment works, and you don't have an idea about Bitcoin price history.

$500 is quite good amount of money to invest in Bitcoin. You don't need to invest in Bitcoin with huge money in the early of your journey in Bitcoin investment. Just get sufficient knowledge and experience first, then you can increase your funds in Bitcoin investment.

If someone has $500 to invest in Bitcoin, I would suggest they do DCA and buy $50 or $100 a week. Did you notice the recent movement we had earlier? Bitcoin was over $45.5K and then suddenly it touched 41K in an hour. This was the perfect opportunity to buy some sats. If they use centralized exchanges, it's easy to place orders with limits.

You could place buy orders at several price ranges so you don't miss the dip. But, I do not recommend anyone using centralized exchanges even though I use them. Some centralized exchanges implement DCA methods too. Users could set up their preferred settings to buy Bitcoin.

It's not so bad if he reads or listens to other people's advice because he can learn valuable insights and expand his perspective from others who have invested in bitcoin before him. Additionally, since other people have invested in bitcoin before him, their opinions and failures may help him avoid some of the pitfalls that other investors have had to deal with. He will also benefit from learning more about bitcoin, which will enable him to make a knowledgeable decision about whether to invest in it and how it can benefit him. I think that was a good start. That's why this forum was created to give him advice or an idea of what path he is on. We are only here to talk about and help resolve some people's concerns about whether or not to invest in any cryptocurrencies. After all, it is his money, therefore, it is up to him whether he listens to us or not.
 

Being aware of where you are going to invest your money and the benefits and drawbacks of bitcoin will be beneficial because investing in bitcoin will present new challenges each time having knowledge about how to overcome these challenges will be helpful, understand how to profit from your bitcoin investments. If you don't know how to do this, you will simply go bankrupt because you will try practically everything and end up losing money because you didn't research the matter thoroughly prior to committing the investment.

People are getting scammed every day and it will continue because they don't do their due diligence. Therefore, they will persuade them to bring their private keys, which they will then give out so that they appear humble. There are jumpers who test everything and find that it is good, but they are knowledgeable despite all the advice given here to be knowledgeable. They are still making investments without knowing how to avoid it, how to use media to take benefit of the market.

Bitcoin is indeed a profitable investment. However, if you just want to invest because other people are telling you to do so or you just want to be in profits like them, then don’t invest at the moment. You still have a lot of questions and hesitations in your mind that only you can answer once you have acquired knowledge in the crypto market. For now, understand your planned investment first and try to evaluate yourself if you are really prepared to invest and lose in the process. Because if not, I suggest learn first from the experiences of other people, that way you can ask yourself if you still want to take the risk or you just want to play safe and decide not to get out from your comfort zone.

Anyone that has a sufficient capital to invest is allow to invest, but never expect that you will get immediate profits because its certainly losses that newbies mostly incur the first time they invest.